Coinbase, a prominent cryptocurrency exchange and financial services company, has officially withdrawn its support from the proposed legislation aimed at establishing a regulatory framework for the crypto market structure. This decision indicates Coinbase's concerns regarding the bill's implications and highlights the ongoing complexities and challenges involved in regulating the rapidly evolving cryptocurrency sector.
source: https://www.coindesk.com/policy/2026/01/14/coinbase-pulls-support-from-crypto-market-structure-bill